There are a couple of type of posters who’s perception of reality is a world away from mine.
There are those that deny investment in IP works. They perceive that money isn’t real (that’s right - just a promise), negatively geared IP is guaranteed to lose money (correct - in the short term), property prices can’t possibly rise forever, we’re heading for a 1930 type crash.
And there are those who believe IP investment is a good thing, but can’t see how they can possibly achieve it.
Their reality has been created from these perceptions. Some of them are facts - they are indeed reality, and a valid basis from which to form a view. However, there are often other facts that appear to have been overlooked, like increasing population, the overwhelming desire for a bigger & better house, increasing rents. So perception is often based on the knowledge of (or weighting given to) the available facts.
Money is just a piece of paper or a number in a bank account - it is completely worthless. But everyone has the perception that it is actually worth something. Consequently, because everyone has that same perception - the perception becomes a reality and money has value.
In this way, from a universe of available facts, each individual can choose to seek out the facts, assign a level of importance or relevance to them, and from these perceptions create their own version of reality.
It’s impossible for an individual to know all the facts, and anyway everyones brain will assimilate the same facts differently based on their different experiences/biases.
So next time someone says that IP is a poor investment, agree with them - because for their choice of reality it is.
There are those that deny investment in IP works. They perceive that money isn’t real (that’s right - just a promise), negatively geared IP is guaranteed to lose money (correct - in the short term), property prices can’t possibly rise forever, we’re heading for a 1930 type crash.
And there are those who believe IP investment is a good thing, but can’t see how they can possibly achieve it.
Their reality has been created from these perceptions. Some of them are facts - they are indeed reality, and a valid basis from which to form a view. However, there are often other facts that appear to have been overlooked, like increasing population, the overwhelming desire for a bigger & better house, increasing rents. So perception is often based on the knowledge of (or weighting given to) the available facts.
Money is just a piece of paper or a number in a bank account - it is completely worthless. But everyone has the perception that it is actually worth something. Consequently, because everyone has that same perception - the perception becomes a reality and money has value.
In this way, from a universe of available facts, each individual can choose to seek out the facts, assign a level of importance or relevance to them, and from these perceptions create their own version of reality.
It’s impossible for an individual to know all the facts, and anyway everyones brain will assimilate the same facts differently based on their different experiences/biases.
So next time someone says that IP is a poor investment, agree with them - because for their choice of reality it is.
